Keeping up with Hackers: What CEOs Lose Sleep Over

When we asked oil and gas CEOs about their biggest causes for concern in today’s environment, the results in our annual CEO Survey of Oil & Gas Companies shows a significant shift from the typical concerns over geopolitical uncertainty and over-regulation that we have seen in the past 5 years. According to PwC’s 20th CEO Survey, two interrelated threats keeping leaders up at night are the speed of technological change and growing cyberthreats.

This underlines similar findings from a 2017 report sponsored by Siemens on The State of Cybersecurity in the Oil & Gas Industry, which found that “the deployment of cybersecurity measures in the industry isn’t keeping pace with the growth of digitalization in oil and gas operations.” Consequentially, 68% of the survey’s 377 cyberrisk individuals claimed to have had at least one security compromise in the past year.

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